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1. In 2018 in Country A, the velocity of money V was 6, the real output Y was 10,000, and the quantity of money M

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1. In 2018 in Country A, the velocity of money V was 6, the real output Y was 10,000, and the quantity of money M was 20,000. Country A was seriously hit by the new coronavirus in 2019. To help the households during the challenging time, the government of Country A issued \"stimulus checks" to them. The government nanced the transfer payments to households by printing money. As a result, the quantity of money M increased to 25,000 in 2019. The pandemic also created severe supply-chain problems, and that decreased real output 1" to "3,500 in 2019. The velocity of money V remained stable from 2018 to 2019. Use the quantity equation (theory) of money to nd Country A's ination rate from 2018 to 2019

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